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Birla Mutual Fund has introduced exit load of 2% on Birla Dynamic Bond Fund an open ended income scheme, on redemptions within 180 days from date of allotment to discourage redemption pressure for lesser assets churning. This new load structure will be applicable on all investments made on or after June 4, 2008. The fund […]

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ICICI Prudential asset management company (AMC) has announced changes in the exit load structure of its recently launched open-ended equity diversified scheme, ICICI Prudential Focused Equity Fund. As per the announcement, for investment amount below Rs. 5 crore, the scheme will charge an exit load of 1 per cent if the units under the scheme […]

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Quantum Mutual Fund has announced to launch its second equity offering, Quantum Index Fund. The scheme will be an open-ended exchange traded fund. The principal investment objective of the scheme is to invest in stocks of the companies comprising the S&P CNX Nifty Index and endeavour to achieve return equivalent to S & P CNX […]

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 Mr. Iyer made very clear to his investment advisor that he does not like taking risk. A normal thought that would cross any advisor’s mind when an investor states what Mr. Iyer said is either that the investor does not want to risk his capital and wants to ensure that his capital remains intact or […]

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Mr. Iyer made very clear to his investment advisor that he does not like taking risk. A normal thought that would cross any advisor’s mind when an investor states what Mr. Iyer said is either that the investor does not want to risk his capital and wants to ensure that his capital remains intact or […]

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I’m sure most of you might be wondering if it is really possible to get rich by doing nothing. Some of you might even be thinking that I have surely lost it. That is what one of my close friends, who was taking my advice, thought. She had received a sizeable amount of money after […]

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Kotak Mahindra Asset Management Company has announced the launch of an exchange traded fund which will focus on the stocks that comprise the BSE SENSEX. The investment objective of the scheme is to provide returns that closely correspond to the total returns of the BSE SENSEX subject to tracking error. The scheme will be benchmarked […]

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The average assets under management (AAUM) of the 34 member mutual fund industry rose in the month of April 2008. As per the data released by Association of Mutual Funds in India (AMFI), the asset base of the industry has grown by 7.33% to Rs. 567601.98 crores. Compared to the last month, the April month […]

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Edelweiss Capital, a Mumbai based financial services company has received the approval from the market regulator, SEBI, to start its asset management business. As per the press release yesterday, Edelweiss Asset Management Ltd will act as an investment manger for Edelweiss Mutual Fund, whom the registration has been granted. The asset management company plans to […]

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 Reliance Mutual Fund the country’s largest fund house in terms of asset under management is astray by Rs. 4000 crore to strike the miraculous Rupee One Trillion mark. According to the latest figures available on Association of Mutual Funds in India (AMFI), Reliance MF’s average asset under management (AAUM) is Rs. 96,386.40 crores at the […]

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